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Yes, it looked like a high volume break of the 50 day moving average, but remember that for every share sold there was also a buyer in that heavy volume at the 50 day and now the price is quickly higher. That big buyer is pleased.
Additionally the 20+% run up in five trading sessions indicates a lot of interest. My precedent for this morning's entry was DELL 4/11/1997. http://screencast.com/t/xqaUyTOk We will see how it plays out.